Raghuram G. Rajan won the Financial Times/Goldman Sachs Business Book of the Year Award for his book, Fault Lines. A £30,000 prize (approximately $47,300) accompanied the award.

The ceremony and dinner took place at New York’s famous Pierre hotel. During his acceptance speech he praised his publisher, Princeton University Press. Rajan said his wife had advised him on making the book easy-to-read. He thanked his two children, joking that had it not been for them, the book would have been written much faster.

The president of the Carnegie Corporation of New York, Vartan Gregorian delivered the evening’s keynote address. He mentioned the Harry Potter series, the Sisterhood of the Traveling Pants, Mark Twain, and T.S. Eliot.

The judging panel consisted of a wide array of business professors, authors, and entrepreneurs: Lionel Barber, Liaquat Ahamed, Helen Alexander, Lynda Gratton, Mario Monti, Jorma Ollila, and Shriti Vadera.